haven't had a layoff in 9 years.very stable work schedule and long term contracts. decent training program in place.

Cons

haven't given a raise in 2 years.hard to arrange a transfer from rig to rig.raised cost of benefits while lowering actual benefits.blanket approach to problems rather than addressing the issue individually.

Advice to ManagementAdvice

take a closer look at your safety programs. Change or adapt the procedures that aren't working rather than continuing to add more

As with any company there are downsides. For Transocean it depends on your job. If you are in Projects, as I currently am, then you sacrifice time away from your family as 90% of you job will be on location. There are times when your family can visit, but there are projects that can be in remote and even dangerous parts of the world (i.e. Nigeria) that can drag out for six months to a year. Another down side for working with Transocean is the nature of the industry. Currently the industry can not hire people fast enough, but there will be a time when the market corrects itself and we could have a repeat of the 80's, early 2000's, but I guess this can be said for other industries.